With a population of 31 million Peru is the fifth most populous country of South America and has one of the best performing economies in the continent. The country has 3,080 km of coastline, bordering Ecuador in the north and Chile in the south, and 12,000 lakes and lagoons. The seafood sector is important for Peru its economy as it is the highest source of foreign income after mining products. Peru has the world’s largest anchovy fishery which upholds the country’s fish meal industry. Compared to neighboring countries, Peru’s aquaculture sector is still underdeveloped and only contributes 2% to the revenues of the total seafood sector. Nevertheless, the environmental settings are favorable and the sector is growing. With the 2016 General Law on Aquaculture, the government stimulates, guides and regulates the further sustainable development of the sector. Aquaculture is practiced in all regions of Peru, with shrimp and scallop farming along the coast, trout farming in the highlands, and tilapia and Amazon fish (Paiche) farming in the lakes and rivers of the Amazon jungle.